“There are no negotiations with any club for Falcao,” said Monaco’s vice-president Vadim Vasilyev on Thursday.

When questioned on whether Falcao had asked to leave, he replied: “We have not talked about that. We count on him and believe he will have a great season in 2014-2015.

“Nobody is not transferable, I don’t know of any examples in football – yet there is no discussion, we rely on him.”

The 28-year-old missed his nation’s impressive run to the World Cup quarter-finals after damaging his left anterior cruciate ligament during a French Cup tie in January, and the transfer to Madrid is being delayed by his rehabilitation from that setback.

Madrid’s medical department have taken a cautious approach to assessing the player’s recovery, requesting that they be granted the opportunity to see Falcao on the pitch before greenlighting the move.

Madrid president Florentino Perez is a long standing admirer of Falcao, having attempted to prise the forward from Atletico Madrid during a two-season spell in which he scored 70 goals in 91 appearances for their cross-city rivals.

Atletico, however, refused to allow their leading scorer to join Los Blancos, paving the way for a move to newly-enriched Monaco instead.

Falcao has scored 153 times in 197 club matches in the five seasons since he left South America for Porto, winning back-to-back Europa Leagues and four national trophies.